FLORIDA FIRST TIME HOME BUYER PROGRAMS

FHA First Time Home Buyer Programs have been helping Florida residents since 1934 

 

FIRST TIME HOME BUYER PROGRAMS FLORIDA

A knowledgeable & licensed Florida 'First Time Home Buyer Program' Specialist can offer you a better loan including:

  • Low down payments (if any)

  • 24 Hour Pre-Approval

  • Low closing costs

  • Easier credit qualifying

  • Access to many of the unique

    State Specific Federal Government Backed Programs that may be available to Florida First Time Buyers.


Florida First Time Home Buyer Loan

If you’re buying your first home, then this is the perfect place to start. And don't fear: We have the first time home buyer specialist that answer all the questions you want to ask, — and, those you haven't thought of yet.  home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Florida with help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Florida USDA Home Loan

If you live in a small town, rural area or farmlands situated in a location approved by USDA Rural Development, you may be able to purchase a home with up to 100% financing. The United States Department of Agriculture (USDA) were designed to encourage rural development, meaning city homes are excluded. United States Department of Agriculture (USDA) sets lending guidelines for the program, which is why it can feel confident in your home financing decisions with step-by-step guidance from an experienced USDA Mortgage Banker.

 

Buying a 'Fixer Upper' in Florida & Adding Additional Funds for Home Improvements

An FHA 203K Purchase and Rehab Loan can work in this situation. The 203K has many advantages. Put simply it is a mortgage insured by FHA that allows a home buyer to add rehab funds into a mortgage.

VA Veterans Home Loans in Florida

The VA Home Loan is a Federal Program designed for United States Armed Forces, Military Retiree, Veterans, National Guard and Reservists, as well as Spouses.

Florida Construction Home Loan

At last, a single loan that lets borrowers finance the construction of their home. You can even 'bundle the purchase of the land' land with your construction loan under what is called the 'One Time Close' loan. Guidelines for this program, can be found by clicking here: 'FHA Construction Loan Programs'  or here: 'VA Construction Loan Programs'

Buying a 2 Family or 3 Family Investment Property in Florida

You can buy from a duplex residence all the way up to a 4 unit home with a Government Backed FHA Loan , as long as the property is owner occupied. .

Florida FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Florida FHA Lending Limits 2017

Florida Median Home Sale Price Price $195,000

 

County Name Single Duplex 3 Unit 4 Unit
ALACHUA $275,665 $352,950 $426,625 $530,150
   GAINESVILLE, FL
BAKER $330,050 $422,500 $510,700 $634,700
   JACKSONVILLE, FL
BAY $275,665 $352,950 $426,625 $530,150
   PANAMA CITY, FL
BRADFORD $275,665 $352,950 $426,625 $530,150
   NON-METRO
BREVARD $275,665 $352,950 $426,625 $530,150
   PALM BAY-MELBOURNE-TITUSVILLE, FL
BROWARD $345,000 $441,650 $533,850 $663,450
   MIAMI-FORT LAUDERDALE-WEST PALM BEACH,
CALHOUN $275,665 $352,950 $426,625 $530,150
CHARLOTTE $275,665 $352,950 $426,625 $530,150
   PUNTA GORDA, FL
CITRUS $275,665 $352,950 $426,625 $530,150
   HOMOSASSA SPRINGS, FL
CLAY $330,050 $422,500 $510,700 $634,700
   JACKSONVILLE, FL
COLLIER $450,800 $577,100 $697,600 $866,950
   NAPLES-IMMOKALEE-MARCO ISLAND, FL
COLUMBIA $275,665 $352,950 $426,625 $530,150
   LAKE CITY, FL
DESOTO $275,665 $352,950 $426,625 $530,150
   ARCADIA, FL
DIXIE $275,665 $352,950 $426,625 $530,150
DUVAL $330,050 $422,500 $510,700 $634,700
   JACKSONVILLE, FL
ESCAMBIA $275,665 $352,950 $426,625 $530,150
   PENSACOLA-FERRY PASS-BRENT, FL
FLAGLER $275,665 $352,950 $426,625 $530,150
   DELTONA-DAYTONA BEACH-ORMOND BEACH, FL
FRANKLIN $275,665 $352,950 $426,625 $530,150
   NON-METRO
GADSDEN $275,665 $352,950 $426,625 $530,150
   TALLAHASSEE, FL
GILCHRIST $275,665 $352,950 $426,625 $530,150
   GAINESVILLE, FL
GLADES $275,665 $352,950 $426,625 $530,150
GULF $275,665 $352,950 $426,625 $530,150
   PANAMA CITY, FL
HAMILTON $275,665 $352,950 $426,625 $530,150
HARDEE $275,665 $352,950 $426,625 $530,150
   WAUCHULA, FL
HENDRY $275,665 $352,950 $426,625 $530,150
   CLEWISTON, FL
HERNANDO $275,665 $352,950 $426,625 $530,150
   TAMPA-ST. PETERSBURG-CLEARWATER, FL
HIGHLANDS $275,665 $352,950 $426,625 $530,150
   SEBRING, FL
HILLSBOROUGH $275,665 $352,950 $426,625 $530,150
   TAMPA-ST. PETERSBURG-CLEARWATER, FL
HOLMES $275,665 $352,950 $426,625 $530,150
INDIAN RIVER $275,665 $352,950 $426,625 $530,150
   SEBASTIAN-VERO BEACH, FL
JACKSON $275,665 $352,950 $426,625 $530,150
JEFFERSON $275,665 $352,950 $426,625 $530,150
   TALLAHASSEE, FL
LAFAYETTE $275,665 $352,950 $426,625 $530,150
   NON-METRO
LAKE $277,150 $354,800 $428,850 $532,950
   ORLANDO-KISSIMMEE-SANFORD, FL
LEE $275,665 $352,950 $426,625 $530,150
   CAPE CORAL-FORT MYERS, FL
LEON $275,665 $352,950 $426,625 $530,150
   TALLAHASSEE, FL
LEVY $275,665 $352,950 $426,625 $530,150
LIBERTY $275,665 $352,950 $426,625 $530,150
MADISON $275,665 $352,950 $426,625 $530,150
MANATEE $287,500 $368,050 $444,900 $552,900
   NORTH PORT-SARASOTA-BRADENTON, FL
MARION $275,665 $352,950 $426,625 $530,150
   OCALA, FL
MARTIN $316,250 $404,850 $489,350 $608,150
   PORT ST. LUCIE, FL
MIAMI-DADE $345,000 $441,650 $533,850 $663,450
   MIAMI-FORT LAUDERDALE-WEST PALM BEACH,
MONROE $529,000 $677,200 $818,600 $1,017,300
   KEY WEST, FL
NASSAU $330,050 $422,500 $510,700 $634,700
   JACKSONVILLE, FL
OKALOOSA $341,550 $437,250 $528,500 $656,800
   CRESTVIEW-FORT WALTON BEACH-DESTIN, FL
OKEECHOBEE $275,665 $352,950 $426,625 $530,150
   OKEECHOBEE, FL
ORANGE $277,150 $354,800 $428,850 $532,950
   ORLANDO-KISSIMMEE-SANFORD, FL
OSCEOLA $277,150 $354,800 $428,850 $532,950
   ORLANDO-KISSIMMEE-SANFORD, FL
PALM BEACH $345,000 $441,650 $533,850 $663,450
   MIAMI-FORT LAUDERDALE-WEST PALM BEACH,
PASCO $275,665 $352,950 $426,625 $530,150
   TAMPA-ST. PETERSBURG-CLEARWATER, FL
PINELLAS $275,665 $352,950 $426,625 $530,150
   TAMPA-ST. PETERSBURG-CLEARWATER, FL
POLK $275,665 $352,950 $426,625 $530,150
   LAKELAND-WINTER HAVEN, FL
PUTNAM $275,665 $352,950 $426,625 $530,150
   PALATKA, FL
SANTA ROSA $275,665 $352,950 $426,625 $530,150
   PENSACOLA-FERRY PASS-BRENT, FL
SARASOTA $287,500 $368,050 $444,900 $552,900
   NORTH PORT-SARASOTA-BRADENTON, FL
SEMINOLE $277,150 $354,800 $428,850 $532,950
   ORLANDO-KISSIMMEE-SANFORD, FL
ST. JOHNS $330,050 $422,500 $510,700 $634,700
   JACKSONVILLE, FL
ST. LUCIE $316,250 $404,850 $489,350 $608,150
   PORT ST. LUCIE, FL
SUMTER $287,500 $368,050 $444,900 $552,900
   THE VILLAGES, FL
SUWANNEE $275,665 $352,950 $426,625 $530,150
TAYLOR $275,665 $352,950 $426,625 $530,150
   NON-METRO
UNION $275,665 $352,950 $426,625 $530,150
VOLUSIA $275,665 $352,950 $426,625 $530,150
   DELTONA-DAYTONA BEACH-ORMOND BEACH, FL
WAKULLA $275,665 $352,950 $426,625 $530,150
   TALLAHASSEE, FL
WALTON $341,550 $437,250 $528,500 $656,800
   CRESTVIEW-FORT WALTON BEACH-DESTIN, FL
WASHINGTON $275,665 $352,950 $426,625 $530,150